MEDIA ADVISORY

Wave to Demonstrate Advanced Network Access Control at Interop, Ensuring Only Trusted, Company-owned PCs are allowed on the Network

Wave Systems to Show Validation of Endpoint Data Integrity, Device Authentication for Network Access Control at Interop Las Vegas 2009

Lee, MA — May 13, 2009 — Wave Systems Corp. (NASDAQ: WAVX — www.wave.com) Many commercially available network access control (NAC) solutions prevent the spread of malware by restricting network access for infected or vulnerable endpoints. One major challenge to the security of NAC is the "lying endpoint" problem, which arises when a rootkit or other malware causes an infected endpoint to lie about its health. This allows infected machines to gain access to the network and opens the way for the malware to cause further damage.

Solution: Wave Systems’ EMBASSY® Endpoint Enforcer effectively addresses lying endpoints by performing health status verification and platform assessments of the remote user’s endpoint and NAC software using a Trusted Platform Module (TPM) security chip, a microcontroller on the motherboard of the PC. Wave’s EMBASSY Endpoint Enforcer uses hardware security to validate and extend the security of Juniper Networks’ SA Series SSL Virtual Private Network (VPN) Appliance, which provides user and device authentication, endpoint health checking and secure remote access to remote users.

Wave’s EMBASSY Endpoint Enforcer, in conjunction with additional EMBASSY software, provides a complete solution for data at rest and provides strong, layered authentication to the network. This is accomplished by using the machine identity protected in hardware to ensure that only authorized and healthy PCs can access the network, while maintaining hardware-protected volume encryption of data.

Where: Interop 2009, Las Vegas. Demonstrations at the Trusted Computing Group’s booth (#869)

When: May 17-22, 2009

Experts Available: Brian Berger, Wave’s executive vice president, marketing and sales, to address latest advances in endpoint security and trusted computing. For more information or to arrange a meeting, contact Michael Wheeler, Wave Systems, 413-243-7026.

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About Wave Systems Corp.

Wave is a pioneer in hardware-based PC security that provides software to help solve critical enterprise PC security challenges such as data protection, strong authentication, network access control and the management of these enterprise functions.  Wave is a founding member of the Trusted Computing Group (TCG), a consortium of more than 100 companies that forged open standards for hardware security.  Wave’s EMBASSY® line of client- and server-side software leverages and manages the security functions of the TCG’s industry standard hardware security chip, the Trusted Platform Module (TPM) as well as hard drives that comply with TCG’s “Opal” self-encrypting drive (SED) standard.  Self-encrypting drives are a growing segment of the data protection market, offering increased security and better performance than most existing software-based encryption solutions.  TPMs are standard equipment on many enterprise-class PCs shipping today and have shipped on an estimated 300 million PCs worldwide.  Using TPMs and/or SEDs and Wave software, enterprises can substantially and cost-effectively strengthen their current security solutions.  Visit http://www.wave.com for more information.

Safe Harbor for Forward Looking Statements

This media advisory may contain forward-looking information within the meaning of the Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act), including all statements that are not statements of historical fact regarding the intent, belief or current expectations of the company, its directors or its officers with respect to, among other things: (i) the company’s financing plans; (ii) trends affecting the company’s financial condition or results of operations; (iii) the company’s growth strategy and operating strategy; and (iv) the declaration and payment of dividends.  The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend" and similar expressions and variations thereof are intended to identify forward-looking statements.  Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the company’s ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors.  Wave assumes no duty to and does not undertake to update forward-looking statements.

 

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For more information please contact:

Company:
Wave Systems Corp.
Michael Wheeler
413-243-7026
mwheeler@wave.com